Quote:
Originally Posted by Advogado
First, basic business and economics 101: Businesses cannot simply pass on increased costs. Competition prohibits it. A business always charges as much as it believes the market will bear.
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If all you take is the introductory class Basic Business & Economics 101, you are left uneducated. 201 & 301 expands on the basic economic "rules". The competition to The Villages does not prevent them from passing costs onto the customers.
No one in Sumter is paying $20k. TV could easily pass on an additional $2k and sell every house they can build.